For Immediate Release
January 5, 2007
Media Contact: Ray Yonkura
(202) 225-2676
Rules of the House
Washington, DC --
SPEECH OF
HON. JIM JORDAN
OF OHIO
IN THE HOUSE OF REPRESENTATIVES
JANUARY 5, 2007
Mr. Speaker, I rise today to offer a word of caution about the proposed PAYGO rules which will hurt this body's ability to keep our economy moving forward. By putting more money into the hands of families and taxpayers, the tax cuts of 2001 and 2003 have helped stimulate our economy, create jobs and cut our Federal deficit in half. The proposed PAYGO rules wrongly identify these types of tax cuts as "deficit spending" and will all but eliminate our ability to provide additional tax relief to the families and taxpayers we represent.
It will also set the framework for repealing the tax cuts that have already been enacted. This amounts to a two-pronged threat to the pocketbooks of the families and taxpayers across Ohio and across America.
Mr. Speaker, like many of my colleagues, I wholeheartedly support the earmark reform contained in this rule, and I strongly support the spending restraint at the heart of the PAYGO concept, but I believe these rules will, in effect, take money out of the hands of families and taxpayers, hurting our ability to grow our economy and cut our deficit in a fiscally responsible way…
